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Stocks hold ground as markets eye Fed rate cut
LONDON/SYDNEY, Dec 8 (Reuters) - Stocks held their ground on Monday as markets bet that the Federal Reserve would deliver a rate cut this week, though investors speculated that the meeting could be one of the most fractious in recent memory.Reuters
Mon, Dec 8
Micron rises as brokerages raise PTs on AI-driven memory demand
Memory chipmaker Micron Technology's MU.O shares rise 2.5% to $243.13 premarketSusquehanna raises PT to $300 from $200 — implying an upside of 26.5% to the stock's last close — on stronger expected avg selling prices for dynamic random access memory and flash memory, driven by tight supply f...
Reuters
Mon, Dec 8
Japan's Nikkei buoyed by stable yen; SoftBank's slide caps gains
By Kevin BucklandTOKYO, Dec 8 (Reuters) - Japan's Nikkei share average edged higher on Monday, supported by a pause in recent yen strength and a rebound in property shares, but was held back by sharp declines for heavyweight stock SoftBank Group.Although market expectations are building for a Ba...Reuters
Mon, Dec 8
China says it is ready to improve US ties while safeguarding sovereignty
BEIJING, Dec 8 (Reuters) - China stands ready to work with the U.S. to improve ties while firmly safeguarding its sovereignty, security and development interests, the Chinese foreign ministry said on Monday.Ministry spokesperson Guo Jiakun made the remarks in response to a question on Washington'...Reuters
Mon, Dec 8
Nomura joins global brokerages in forecasting Fed rate cut this week
Dec 8 (Reuters) - Nomura expects the U.S. Federal Reserve will deliver an interest rate cut at this week's policy meeting, joining global peers in reversing their earlier expectations of the central bank holding rates amid dovish signals. The Japanese brokerage expects a 25-basis-point cut in th...Reuters
Mon, Dec 8
Pop Mart Shares Plunge 9% as Sales Concerns Fuel Short Bets
Pop Mart shares dropped the most in over six weeks amid renewed concern that the Chinese toymaker’s US sales growth momentum is slowing.The Hong Kong-listed stock slumped as much as 8.7% on Monday, taking its decline from an August high to about 40%. Market watchers pointed to worries that its salesTiger News
Mon, Dec 8
Japan's Nikkei edges lower, big tech shares drag amid valuation worries
TOKYO, Dec 8 (Reuters) - Japan's Nikkei share average edged lower on Monday, weighed by tech stocks amid continued investor caution about sky-high valuations for artificial intelligence-related shares.At the same time, a more stable yen after a bout of strength in recent weeks s...Reuters
Mon, Dec 8
China set for record 2025 soybean imports on Brazil buys, US trade truce
BEIJING, Dec 8 (Reuters) - China's soybean imports reached their highest November level since 2021, a Reuters calculation based on customs data showed on Monday, with full-year arrivals set for a record amid strong purchases from South America and a U.S. trade tr...Reuters
Mon, Dec 8
China's rare earth exports jump in November after Xi-Trump meeting
Dec 8 (Reuters) - China's rare earth exports jumped in November, the first full month since President Xi Jinping and U.S. President Donald Trump agreed to speed up shipment of the critical minerals from the world's largest refiner.Exports in November jumped for a second consecutive month, by...Reuters
Mon, Dec 8
IBM nears $11 billion Confluent deal to boost cloud push, WSJ reports
Dec 7 (Reuters) - IBM IBM.N is in advanced talks to acquire data-infrastructure company Confluent CFLT.O for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue's ability to capture growing demand for cloud services. The deal for Confluent, an o...
Reuters
Mon, Dec 8
Japan's Q3 GDP contraction worsens on weak capex; unlikely to sway BOJ on rate hike
Japan's economy contracted faster than initially estimated in the three months through September, primarily due to new data dragging down capital spending figures, though economists said the blip is not enough to sway the central bank.Reuters
Mon, Dec 8
Buy the Dip: 3 Best Cryptos to Invest in During Market Fear
Market fear has once again gripped the crypto sector, creating one of the most attractive dip-buying windows investors have seen in months. Leading cryptocurrencies such as Ripple’s XRP and Solana (SOL) remain close to their support levels, tempting traders who realize that moments of panic offer some of the best buying opportunities. Although the unconfirmed […]Cryptopolitan
Mon, Dec 8
